User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


49° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Timeshare Resale Scam Uses SD Address

August 24, 2012, 10:03 PM by Angela Kennecke

Timeshare Resale Scam Uses SD Address
SIOUX FALLS, SD -

A lot of people who buy timeshares end up regretting it.

The recession also brought an onslaught of people wanting to sell their timeshares. And that's what the latest scam going around the country was banking on.

These con-artists used South Dakota's good reputation to get away with it.

The sales pitch is always strong, but after a while, those annual fees can cause timeshares to lose their luster.  That was the case for a California woman who thought she had a chance to sell her three timeshares in Mexico.

"I said where did you get my name and how to do you know about me being willing to sell and all that?  She said they have a list. They go through all the time share owners to see who hasn't been using their time share and then they call them to see if they're interested in selling," Eleanor Cabada said.

And then they told her something to seal the deal: the escrow office that was going to sell her timeshares was located in South Dakota.

"I said, well if it's in South Dakota, it's got be good.  The people in South Dakota are very solid people, they're not messing around," Cabada said.

"She had no reason not to believe them. They sent her all kinds of official information," Jessie Schmidt of the Better Business Bureau said.

But then just before the supposed closing date, came a frantic phone call in which the company asked Cabada to put up some money.

"They went up and down and round and round about how this was a last minute thing, they had no idea this was going to occur, but they pulled this on them and the Mexican government was involved and they couldn't do anything until the money was paid by the owners," Cabada said.

Cabada wired the $6,700 fee and almost immediately regretted it. 

"So I fell for it and then after that we were never able to get a hold of them," Cabada said.

Turns out the address for that "South Dakota" company is an empty office in a Rapid City strip mall.

"They were only in business from May of this year until last week when they were shut down, a short period of time.  But in that period of time, there were over 300 complaints on this company," Schmidt said.

The Better Business Bureau says it's an important reminder that if someone approaches you about any kind of transaction and then wants money up front, beware. 

"I can't make myself sick about it. I know it was stupid and I did something wrong. I hope most people would be more careful than I and investigate them before they send then any money," Cabada said.

Authorities have not tracked down the con artists in this scam. But they used two bogus addresses, one in South Dakota and another in New Mexico.

Click here to see the Better Business Bureau Scam warning.

Previous Story

Next Story


Comments







 
Find Local Businesses on KELO Pages!

View business

You may also like

Valentino's Restaurant For Sale

10/20/2014 12:18 PM

Prime real estate on 41st Street in Sioux Falls is for sale. Valentino's Restaurant at 41st Street and Western Avenue has been listed for $1.35 mi...

Full Story
Pierre Woman Wins On In-Flight Game Show

10/17/2014 12:10 PM

A South Dakotan is a winner on the Allegiant Airlines' first in-flight game show called "The Game Plane."  The reality show is film...

Full Story
Long John Silver's Closes, Building For Sale

10/20/2014 12:31 PM

A longtime fast food option in Sioux Falls, the Long John Silver's restaurant is closing after more than 30 years in business. 

Full Story
Pop-Up Holiday Shop Coming to Downtown Sioux Falls

10/15/2014 11:45 AM

Unglued: Christmas Market, will open in the space formerly occupied by the Book Shop in the Carpenter Building on Phillips Avenue from Nov. 20 through...

Full Story
Ebola Scams Surface

10/17/2014 2:15 PM

It was only a matter of time before scammers started capitalizing on the Ebola scare.  The Better Business Bureau is warning consumers about a va...

Full Story


Events